RWA Wealth Partners LLC Buys 3,274 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

RWA Wealth Partners LLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,448 shares of the credit services provider’s stock after acquiring an additional 3,274 shares during the period. RWA Wealth Partners LLC’s holdings in PayPal were worth $1,686,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management grew its holdings in PayPal by 32.5% during the 3rd quarter. Ritholtz Wealth Management now owns 4,603 shares of the credit services provider’s stock worth $269,000 after acquiring an additional 1,130 shares during the last quarter. Impact Partnership Wealth LLC grew its holdings in shares of PayPal by 90.8% during the third quarter. Impact Partnership Wealth LLC now owns 2,662 shares of the credit services provider’s stock worth $156,000 after buying an additional 1,267 shares in the last quarter. Avior Wealth Management LLC raised its position in PayPal by 1.6% in the 3rd quarter. Avior Wealth Management LLC now owns 13,406 shares of the credit services provider’s stock valued at $784,000 after buying an additional 205 shares during the last quarter. Founders Financial Securities LLC boosted its position in PayPal by 9.3% during the 3rd quarter. Founders Financial Securities LLC now owns 6,541 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 557 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of PayPal by 5.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,379 shares of the credit services provider’s stock worth $2,010,000 after acquiring an additional 1,885 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PYPL shares. BMO Capital Markets cut their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. Wells Fargo & Company boosted their price objective on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. dropped their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Stock Up 2.0 %

Shares of PayPal stock opened at $64.43 on Wednesday. The stock has a market capitalization of $67.82 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.10 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50 day moving average price is $62.53 and its 200-day moving average price is $60.04. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.